You will be redirected back to your article in seconds

Personics Files For Protection

Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said new funding is still anticipated and listed an excess of assets ($8.2 million) over liabilities ($7.3 million).

More Scene

  • Katy Perry amfar

    Katy Perry Chides Los Angeles Mayor Over 'Those F---ing Bird Scooters'

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

  • Katy Perry Taylor Swift

    Katy Perry Praises Taylor Swift for Political Instagrams (EXCLUSIVE)

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

  • Travis KnightVariety New Leaders, Arrivals, Los

    How 'Bumblebee' Director Travis Knight Turned 'Soul Crushing Rejection' into Success

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

  • Darren Criss and Nick Jonas'Beyond' GLAAD

    Nick Jonas, Darren Criss Help Raise $400,000 at Justin Tranter's GLAAD Benefit

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

  • Sophie Turner and Joe Jonas in

    'Game of Thrones': Will Joe Jonas Appear on Final Season With Fiancee Sophie Turner?

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

  • Lena Waithe Halle Berry

    Lena Waithe Wants 'Boomerang' Adaptation 'to Change the Face of BET'

    Personics Corp. of Redwood City has filed for bankruptcy protection after running short of cash in its efforts to introduce customized audiotaping in record stores. The company, launched with more than $27 million invested by Time Warner and Robert Bass, failed to complete a new round of financing last month. But Federal Court filing said […]

More From Our Brands

Access exclusive content